Thursday, 02 April 2020 11:11

Myriota expands into Canada, acquires satellites, ground stations

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Myriota co-founders Dr Alex Grant and Dr David Haley with a nanosatellite. Myriota co-founders Dr Alex Grant and Dr David Haley with a nanosatellite. Supplied

Myriota Canada, a subsidiary of South Australia-based Myriota, a connectivity provider for nanosatellite Internet of Things devices, has entered into an agreement with exactEarth to purchase satellite communications assets.

exactEarth is a provider of global maritime vessel data for ship tracking and maritime situational awareness solutions.

Under the deal, Myriota Canada will buy four satellites, a global network of ground station assets, and the associated spectrum licences at a cost of C$600,000 (A$696,115). Part of this money will be re-invested as equity in Myriota.

Myriota chief executive and co-founder Alex Grant said: “This acquisition is a huge opportunity for our business to grow its North American footprint.

“It will add industry-leading capabilities in key areas such as satellite operations, engineering and spectrum management from an experienced team, and will fast-track our development with established ground facilities and ground stations.

“Canada’s geography, scale and economic footprint share many similarities to Australia; making it a perfect location for our team to grow and roll out our low-cost, secure direct-to-orbit satellite connectivity.

"The increased capability generated because of this acquisition will also allow us to provide 24-7 operations from our offices in Australia and Canada.”

exactEarth chief executive Peter Mabson said: “The divestment of these non-core exactEarth satellite communication assets achieves several strategic and financial objectives as we position ourselves in-line with that of a pure-play data services business.

“This transaction allows us to maintain access to AIS data from the satellites to support our service, and will enable us to focus on the large market opportunity in front of us with our second-generation constellation.

"Myriota is a company that exactEarth has invested in and one that we have built a strong business relationship with, and we look forward to continuing to support Myriota’s growth.”

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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